Crypto Options Market Reaches Crucial Expiration Date
New data from Deribit reveals a major options expiration event occurring this Friday, with approximately $88 billion in total notional value across Bitcoin and Ethereum options. Bitcoin dominates this cycle with $78 billion in open options, a put/call ratio of 0.76, and a key strike price concentration at $75,000. Ethereum options show $961 million in open interest with a put/call ratio of 0.77 and critical strike prices at $2,200.
Bullish Bias Across Major Assets
Analysis of open interest reveals a clear bullish preference in both Bitcoin and Ethereum options markets ahead of expiration. The significantly higher notional value of Bitcoin options compared to Ethereum highlights Bitcoin's continued dominance in institutional crypto derivatives trading.
Market Impact Considerations
Options expirations often create price dynamics around key strike levels. With Bitcoin's largest concentration at $75,000 and Ethereum's at $2,200, these levels could act as short-term price magnets. Traders should anticipate potential volatility as positions get settled around these critical price points.